Leopalace21 shares hit the daily price limit on the Tokyo Stock Exchange on the 15th, amid reports that several companies, including Hikari Tsushin, are expected to launch a tender offer for Leopalace21.
The Nikkei Stock Average fell for a third consecutive day by a narrow margin on the Tokyo Stock Exchange on the 15th, closing at 63,484.10, down 8.89 points from the previous day. Following weakness in U.S. semiconductor stocks, selling intensified at times in AI-related and semiconductor-related stocks.
Leopalace21 shares were observed moving to the daily price limit. The price-limit rules were applied to the company's shares amid market activity, and trading may have proceeded on a restricted basis.
According to media reports, information has emerged that Hikari Tsushin and others are expected to launch a tender offer (TOB) for Leopalace21. The specific terms and offer size of the TOB were not stated in the article.